Farmers remain relatively bullish about farmland values but are a little less optimistic about future increases, according to the latest Ag Economy Barometer.
Purdue University’s Jim Mintert says…“I think producers are probably asking themselves, ‘given the strength that we’ve already observed, how much of an additional rally could we expect.’ I think that probably explains the mild softness in those two farmland value indices.”
The Short-Term Farmland Values Expectation Index fell six points to 142 and the Long-Term Farmland Values Index was down four points to 155.
